Daily FNArena News

FNArena’s weekly update on short positions in the Australian share market.

The RBA has surprised most in the market today by effectively delivering two rate cuts in one hit, judging such a quantum to be “necessary”.

The RBA has today cut the cash rate to 3.75% in a surprise 50bps cut.

Growing demand for term contracts in the global uranium market is encouraging spot sellers to pull back on pricing while buyers remain reluctant.

Daily update on share prices and consensus price targets.

Jerry Simmons explains why copper may well be showing the way forward for other risk assets.

Market analysts at FXCM suggest with gold holding above its April low the metal is forming a bullish base.

There were signs of improvement in Macquarie’s FY12 result but little light yet at the end of the tunnel other than buyback support.

JB Hi-Fi has revised earnings guidance lower to reflect strong margin pressure and brokers have adjusted estimates and targets accordingly.

Strong sales and margins helped ResMed beat expectations with its March quarter profit result and brokers have responded by lifting forecasts and price targets for the stock.